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  Tevet 20, 5773 , 02/01/13

Apple Interested in Buying Waze for $500 Million

Rumors are flying around the tech world that Apple is interested in buying the Israeli startup Waze, a user-generated mapping application, whose advanced technology would help Apple compete with Google Maps. 

Initial reports indicate that Waze receive an offer from Apple for almost half a billion dollars, yet market sources estimate the value of Waze to be at least one billion dollars.

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Other archived news briefs:Jan 02 2013, 09:32 PM, 1/2/2013